Home Property Billionaire's Chelsea basement plans binned

Billionaire's Chelsea basement plans binned

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7th Dec 12 12:32 pm

The Chelsea mega-basement, boasting an underground complex, has been axed, it was reported today.

The move comes just before Kensington and Chelsea council was gearing up to reject the huge underground development plan, designed with a pool, cinema room, hot tub, gym and staff quarters.

The council had collected scores of complaints from residents, who labelled the design “monstrous” and “absolute greed.”

The plans were to be cancelled on the grounds that an insufficient provision for affordable housing had not been included in the design.

Under local regulations, construction over a certain size must also factor this in.

The Chelsea uber-pad is owned by Canadian cable TV billionaire David Graham, 75, the first husband of Lady Barbara Black. It was originally a school, but Graham was given permission to convert it into a home, with one basement level.

The 50ft expansion plan, however, was to add two more subterranean floors, decked out with a ballroom , wine cellar  and 18,000 sq ft of amenities.

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